TOO MUCH OF A GOOD INCENTIVE?

摘要

Stock options. The very term conjures up the promise of the heady 1990s. They were the juice that helped fuel what was then called the dot-com revolution. They were a powerful magnet that few could resist: Remember the torrent of sea- soned executives at old-line companies who left solid career tracks for giant slugs of stock options at tiny, un- proven entrepreneurial companies? Large corporations, too, doled out options in ever-increasing quantities to keep their bright execs from fleeing to greener pastures. For a time, with the bull market raging, everyone, it seemed, was either getting options or trying to.